Creative Planning Buys 1,777 Shares of Bunge Global SA $BG

Creative Planning raised its position in Bunge Global SA (NYSE:BG) by 18.5% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 11,383 shares of the basic materials company’s stock after buying an additional 1,777 shares during the period. Creative Planning’s holdings in Bunge Global were worth $914,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of BG. Dimensional Fund Advisors LP grew its stake in shares of Bunge Global by 34.6% during the first quarter. Dimensional Fund Advisors LP now owns 3,346,709 shares of the basic materials company’s stock worth $255,756,000 after purchasing an additional 859,733 shares during the period. Nuveen LLC bought a new stake in shares of Bunge Global in the first quarter valued at about $40,963,000. AQR Capital Management LLC boosted its position in Bunge Global by 80.5% during the 1st quarter. AQR Capital Management LLC now owns 995,507 shares of the basic materials company’s stock worth $76,077,000 after acquiring an additional 443,893 shares during the last quarter. Yaupon Capital Management LP acquired a new position in Bunge Global during the first quarter worth $19,920,000. Finally, Gotham Asset Management LLC boosted its stake in shares of Bunge Global by 1,001.9% during the 1st quarter. Gotham Asset Management LLC now owns 208,234 shares of the basic materials company’s stock worth $15,913,000 after buying an additional 189,337 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Analyst Ratings Changes

BG has been the subject of a number of analyst reports. Stephens lifted their price objective on shares of Bunge Global from $85.00 to $115.00 and gave the company an “overweight” rating in a research report on Friday, October 17th. Barclays raised Bunge Global from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $105.00 to $120.00 in a report on Thursday, November 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bunge Global in a report on Wednesday, October 8th. BMO Capital Markets boosted their price target on Bunge Global from $95.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, October 16th. Finally, CICC Research upped their target price on Bunge Global from $90.00 to $110.00 in a research note on Friday, November 7th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $102.88.

Bunge Global Price Performance

Shares of NYSE:BG opened at $96.37 on Tuesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.29 and a current ratio of 2.07. Bunge Global SA has a 52 week low of $67.40 and a 52 week high of $99.55. The firm has a market cap of $18.63 billion, a PE ratio of 9.63, a price-to-earnings-growth ratio of 8.28 and a beta of 0.76. The firm’s fifty day moving average is $91.08 and its 200-day moving average is $83.95.

Bunge Global (NYSE:BG) last posted its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $2.27 earnings per share for the quarter, beating analysts’ consensus estimates of $2.23 by $0.04. The business had revenue of $22.16 billion during the quarter, compared to the consensus estimate of $22.46 billion. Bunge Global had a return on equity of 9.16% and a net margin of 2.71%.Bunge Global’s quarterly revenue was up 71.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.29 earnings per share. Sell-side analysts predict that Bunge Global SA will post 7.94 earnings per share for the current year.

Insider Buying and Selling at Bunge Global

In other news, VP Christos Dimopoulos sold 25,300 shares of the firm’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $94.37, for a total transaction of $2,387,561.00. Following the completion of the transaction, the vice president directly owned 104,537 shares in the company, valued at $9,865,156.69. This trade represents a 19.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.80% of the company’s stock.

Bunge Global Profile

Bunge Global SA operates as an agribusiness and food company worldwide. It operates through four segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grains comprising wheat and corn; and processes oilseeds into vegetable oils and protein meals.